Commodity Market News-25 March 2015

BULLION

Gold and Platinum April futures are trading marginally in red at $ 1,189.10 and $ 1,137.70 respectively.

The April MCX Gold futures continued uptrend for the fifth day in row, owing to back-to-back gains in NYMEX Gold prices in global market.

 
Silver May future has slipped 0.5 per cent at $ 16.888.

The MCX Silver May futures have been trading higher for the fourth straight day and are hovering around the higher-end of the Bollinger Band for the past three trading sessions.

 
ENERGY

Crude Oil May future is down 0.2 per cent at $ 47.41.

Natural Gas May future has shed nearly 2 per cent at $ 2,747.

BASE METAL

Copper May future is trading on a soft note at $ 2.794.

The MCX Crude Oil April future has extended its losses and touched a low of Rs 2,976.

The Crude Oil has moved down 0.3 per cent at Rs 2,987. The counter has seen trades of around 9,894 contracts.

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Commodity Market News-24 March 2015

The MCX Gold April futures consolidated in yesterday's trade at Rs 26,198 owing to subdued trade in NYMEX Gold futures.

Gold future price in India is down 0.2 per cent at Rs 26,145. The counter has registered trades of around 580-odd lots, and the open interest has added almost 300-odd lots at 8,569 lots on the MCX.

The Silver May future is also down 0.2 per cent at Rs 37,690. The commodity has touched an intra-day low at Rs 37,669 and a high at Rs 37,753.

Natural Gas prices, the MCX Natural Gas March future opened in positive zone at Rs 170.90.

The MCX Crude Oil April future has extended its gains and touched a high of Rs 2,952.

The Crude Oil has gained 0.5 per cent at Rs 2,944. The counter has seen trades of around 7,860 contracts.

The MCX Gold April and Silver May futures are trading on a subdued note in early deals, amid global cues.

The Gold April delivery started the day at Rs 26,169 and touched a low at Rs 26,135.

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Commodity Market News-23 March 2015

BULLION

Gold April future has slipped 0.3 per cent at $ 1,181.50.

Silver May future has shed over a per cent at $ 16,680.

ENERGY

Crude Oil May future has shed over a per cent at $ 45.99.

Natural Gas April future has dropped nearly 2 per cent at $ 2.749.

The MCX Crude Oil April futures moved higher for the second straight day after seeking support below the lower-end of the Bollinger Band.

BASE METAL

Copper May future has jumped nearly a per cent at $ 2.776.

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Commodity Market News-18 March 2015

BULLION:

Gold April future has jumped 1.8 per cent at $ 1,172.50.

Silver May future has rallied nearly 3 per cent at $ 15,988.

ENERGY:

Crude Oil May future dropped over a per cent at $ 46.15.

Natural Gas April future is trading on a flat note at $ 2.912.

BASE METAL:

Copper May future has slipped 0.8 per cent at $ 2.604.

MCX Copper April expiry contract closed lower for the fourth day on Wednesday.

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MCX gainers & losers

CPO March future has jumped 0.3 per cent at Rs 440. Cotton March future is trading on a flat note at Rs 14,840.

On the other hand, Crude Oil and Crude Oil Mini have shed over 3 per cent at Rs 2,673 each. Nickel and Nickel Mini have slipped 0.7 per cent at Rs 860  each.

MOST ACTIVE CONTRACTS

Gold April contract tops the value chart with a turnover of Rs 917.61 crore. It is followed by Crude Oil March delivery (Rs 533.01 cr), Silver May delivery (Rs 284.78 cr), and Copper April delivery (Rs 275.61 cr).

Crude Oil Mini Mar delivery tops the volume chart with trades of around 20,411 contracts. It is followed by Crude Oil Mar delivery (19,854), Copper April delivery (7,537).

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AGRI & BULLIONS COMMODITY MARKET LEVELS-18 MARCH 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:8075
RESIST 1:7960              
SUP1:7635
SUP2:7425
STRATEGY: BUY ON DIPS

CS SOYABEAN (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3385
RESIST 1:3370
SUP1:3345
SUP2:3330
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3705
RESIST 1:3675
SUP1:3605
SUP2:3570
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:7975
RESIST 1: 7510              
SUP1:6805
SUP2:6560     
STRATEGY:  SELL ON RISE

BULLIONS COMMODITY MARKET

CS GOLD (APRIL) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2: 25930
RESIST 1: 25790
SUP 1: 25550
SUP 2: 25350
STRATEGY: SELL ON RISE

CS SILVER (MAY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:35970
RESIST 1:35665
SUP1:35050
SUP2:34710
STRATEGY: SELL ON RISE

CS CRUDE OIL (APRIL) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 1:2970
RESIST 2:2930
SUP1:2845
SUP2:2810
STRATEGY: BUY ON DIPS

CS COPPER (APRIL ) OVERVIEW:
TREND MIXED TO  BEARISH
RESIST 2:375.50
RESIST 1:372            
SUP1: 365.50
SUP2:362
STRATEGY: SELL ON RISE

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Commodity Market News-18 March 2015

The MCX Gold April futures declined for the second straight day and are seeking support around the lower-end of the Bollinger Band (Rs 25,545) on the on the daily charts.

The MCX Gold April future is trading on a negative note following the NYMEX Gold futures.

The MCX Silver May future started the day marginally in red at Rs 35,331, but soon drifted lower owing to fresh fall in NYMEX Silver prices.

the MCX Natural Gas opened in green at Rs 179.

The Natural Gas could not sustain its gains for a long and slipped into negative zone to touch a low of Rs 178.

The Crude Oil has tumbled nearly 3 per cent at Rs 2,680. The counter has seen trades of around 12,449 contracts.

The MCX Crude Oil March futures ended in positive territory for the first time in past five trading sessions, on account of bargain-hunting.

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MCX GAINERS & LOSERS

Kapas March future has jumped nearly 2 per cent at Rs 750. Natural Gas March future has gained 1.6 per cent at Rs 174. Crude Oil March future is up 0.5 per cent at Rs 2,755.

On the other hand, Mentha Oil has dropped over a per cent at Rs 838 each. CPO has slipped 0.5 per cent at Rs 442.

MOST ACTIVE CONTRACTS

Gold April contract tops the value chart with a turnover of Rs 589.42 crore. It is followed by Crude Oil March delivery (Rs 364.19 cr), Silver May delivery (Rs 338.46 cr), and Copper April delivery (Rs 290.70 cr).

Crude Oil Mar delivery tops the volume chart with trades of around 13,247 contracts. It is followed by Crude Oil Mar delivery (13,050), Silver Micro April delivery (10,325).

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AGRI & BULLIONS COMMODITY MARKET LEVELS-17 MARCH 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND  BEARISH
RESIST 2:8145
RESIST 1:7850              
SUP1:7400
SUP2:7250
STRATEGY: SELL ON RISE

CS SOYABEAN (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3395
RESIST 1:3380
SUP1:3360
SUP2:3350
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3790
RESIST 1:3730
SUP1:3640
SUP2:3605
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND  BULLISH
RESIST 2:7650
RESIST 1: 7480              
SUP1:6980
SUP2:6640     
STRATEGY:  BUY ON DIPS

BULLIONS COMMODITYMARKET

 
CS GOLD (APRIL) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2: 26045
RESIST 1: 25910
SUP 1: 25680
SUP 2: 25575
STRATEGY: SELL ON RISE

CS SILVER (MAY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:36080
RESIST 1:35820
SUP1:35330
SUP2:35090
STRATEGY: SELL ON RISE

CS CRUDE OIL (MARCH)  OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 1:2915
RESIST 2:2825
SUP1:2680
SUP2:2615
STRATEGY: SELL ON RISE

CS COPPER (APRIL ) OVERVIEW:
TREND MIXED TO  BEARISH
RESIST 2:377
RESIST 1:375            
SUP1: 371.50
SUP2:370
STRATEGY: SELL ON RISE

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Commodity Market News-16 March 2015

The MCX Silver May futures moved higher for the second straight day after seeking support around the lower-end of the Bollinger Band. On Friday, the precious white metal tested a high at Rs 35,636, before closing with a gain of 0.6 per cent (Rs 208) at Rs 35,533 on account of bargain hunting.

MCX Silver prices are fairly above the lower-end of the Bollinger Band (Rs 35,270). Hence, the bias is likely to remain positive as long as prices trade above Rs 35,270-odd level.

Further gain in Silver futures may take prices towards the 20-DMA at Rs 36,170-odd level on the daily charts.

The MCX Gold April future is trading on a negative note following the NYMEX Gold futures.

The bullion future started the day in negative zone at Rs 25,875 - down Rs 15.

The precious yellow metal has touched a low at Rs 25,860 and a high at Rs 25,900.

Now, Gold price in India is trading on a soft note at Rs 25,877.

The MCX Natural Gas March futures on Friday faced resistance at the 20-DMA at Rs 174.50, before settling with a gain of almost a per cent at Rs 173.50, due to weakness in India rupee against the US dollar.

The MCX March Crude Oil futures extended losses for the fourth straight day and gave a fresh break out below the key psychological support the lower-end of the Bollinger Band on the daily charts, owing to step fall in NYMEX Crude Oil prices.

MCX Crude Oil prices tested a low of Rs 2,846, before signing off the day with a significant loss of almost 4 per cent (Rs 116) at Rs 2,866.

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Commodity Market News-13 March 2015

The MCX Silver March future is trading on a Positive zone.
The bullion white metal started the day with a gain of Rs 97 (0.3 per cent) at Rs 35,422, tracking NYMEX Silver prices.

the precious white metal ended at Rs 35,325.

The MCX Silver March future has touched a high at Rs 35,488 - up (Rs 163) and a low at Rs 35,422.

The MCX Gold April future started the day on a positive note following the NYMEX Gold futures.

The bullion future opened with a gain of 0.2 per cent (Rs 65) at Rs 25,720. So far, the Indian Gold has touched a high at Rs 25,760 (up Rs 105 from the previous close).

Gold price in India is quoted at Rs 25,750 - up 0.4 per cent.

The MCX March futures for Natural Gas corrected after facing strong resistance above the 20-DMA (Rs 174) and 50-DMA (Rs 176) on the daily charts.

The energy futures rallied to a high of Rs 180, but however wiped out all the gains and ended with a significant loss of 3.7 per cent at Rs 172 following NYMEX Natural Gas prices despite data showed that US Natural Gas supplies fell more than expected last week.

The March MCX Crude Oil futures tumbled for the third day in row, owing to step fall in NYMEX Crude Oil prices amid an unexpected decline in US retail sales.

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Commodity Market News-12 March 2015

The MCX Crude Oil March future has extended its gains and touched a high of Rs 3,040 tracking the NYMEX Crude Oil prices.

The MCX Crude Oil has gained over a per cent at Rs 3,034. The counter has seen trades of around 12,069 contracts.

The MCX Silver March future is trading on a Positive zone. The bullion white metal started the day with a gain of Rs 124 (0.3 per cent) at Rs 35,173, tracking NYMEX Silver prices.

The MCX Silver March future has touched a high at Rs 35,177 - up (Rs 128) and a low at Rs 35,090.

The MCX Gold April future is trading on a negative note following the NYMEX Gold futures.

The bullion future started the day in a negative zone at Rs 25,660 - down (Rs 25).

Gold price in India is down at Rs 25,632 - down (Rs 53).

The March MCX Natural Gas futures rallied for the second consecutive day and jumped above the key moving averages like 20-DMA (Rs 175) and 50-DMA (Rs 178) to close with a surge of over 3.5 per cent at Rs 178.60 owing to smart rally in NYMEX Natural Gas prices.

MCX Natural Gas prices have raised some hopes of further rally. The commodity may trade with a positive bias as long as prices trade above Rs 177-odd level on the daily charts.

The energy futures are expected to face resistance around the higher-end of the Bollinger Band at Rs 185-odd level on the higher side.

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AGRI AND BULLIONS COMMODITY MARKET LEVELS-12 MARCH 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND  BEARISH
RESIST 2:8400
RESIST 1:8200              
SUP1:7900
SUP2:7800
STRATEGY: SELL ON RISE

CS SOYABEAN (APRIL) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3395
RESIST 1:3380
SUP1:3350
SUP2:3325
STRATEGY: BUY ON DIPS

CS CHANA  (APRIL) OVERVIEW:                        
TREND MIXED TO  BEARISH
RESIST 2:3720
RESIST 1:3695
SUP1:3645
SUP2:3620
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND  MIXED TO  BULLISH
RESIST 2:6580
RESIST 1: 6520              
SUP1:6395
SUP2:6325     
STRATEGY:  BUY ON DIPS

BULLIONS COMMODITY MARKET

CS GOLD (APRIL) OVERVIEW:
TREND BEARISH
RESIST 2: 26060
RESIST 1: 25870
SUP 1: 25575
SUP 2: 25465
STRATEGY: SELL ON RISE

CS SILVER (MAY) OVERVIEW:
TREND  BEARISH
RESIST 2:36200
RESIST 1:35630
SUP1:34680
SUP2:34310
STRATEGY: SELL ON RISE

CS CRUDE OIL (MARCH) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 1:3130
RESIST 2:3065
SUP1:2960
SUP2:2925
STRATEGY: SELL ON RISE

CS COPPER (APRIL ) OVERVIEW:
TREND MIXED TO  BEARISH
RESIST 2:373
RESIST 1:369            
SUP1: 362.50
SUP2:360.50
STRATEGY: SELL ON RISE

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Commodity Market News-11 March 2015

The MCX Gold April future started the day on a positive note following the NYMEX Gold futures.

The bullion future opened at the highest point of the day at Rs 25,950 - up 0.2 per cent (Rs 31) from the previous close.

Now, Gold price in India is trading on a flat note at Rs 25,928.

The MCX Silver May futures started the day on a positive note following the NYMEX Silver  futures.

The March MCX Crude Oil futures in yesterday's trade witnessed heavy losses and slipped below the key moving average the 50-DMA (Rs 3,095) and hit s low of Rs 3,052, before closing with significant loss of over 3 per cent (Rs 102) at Rs 3,061 due to sharp fall in NYMEX Crude Oil prices as US dollar hit 12-year high.

Further drop in MCX Crude Oil futures may take prices towards the lower-end of the Bollinger Band at Rs 2,985 on the daily charts.

MCX Copper April expiry contract closed lower on Tuesday.

The metal has declined below the psychological resistance of Rs 370 per kg.

Copper ended the day at Rs 367.70 per kg on 10 March 2015 against 374.05 per kg on 9 March 2015.

MCX Natural Gas March futures yesterday bounced back into the positive zone and ended with gain of 1.4 per cent at Rs 172, on account of renewed buying.

Further upward movement is possible only after a successful close above Rs 174-odd level the 20-DMA for the MCX Natural Gas March futures.

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Commodity Market News-09 March 2015

The MCX Natural Gas has widened its losses and touched a low of Rs 172.80 tracking the NYMEX Natural Gas prices.

The Natural Gas has tumbled nearly 3 per cent to Rs 173.50. The counter has seen trades of around 6,788 contracts on the MCX.

The open interest has jumped over 15 per cent to 8,043.

MCX Crude Oil March future also started the day in negative zone at Rs 3,120 from its previous close of Rs 3,138.

Currently, the MCX Crude Oil has declined 0.7 per cent at 3,117. The counter has seen trades of around 9,185 contracts.

The MCX April Gold futures witnessed a sharp fall in Friday’s trade and tumbled below the key moving average the 20-DMA (Rs 26,380).

On Friday, the precious yellow metal tested a low of Rs 25,982, before signing off the day with a significant loss of around 2 per cent (Rs 472) at Rs 26,012 owing to weakness in NYMEX Gold prices.

Further decline in MCX Gold futures may take prices towards the lower-end of the Bollinger Band at Rs 25,910-odd level on the daily charts.

The MCX Silver May futures started the day higher at Rs 36,000, soon the future has trimmed early gain and now is marginally down

the Silver price in India touched a high at Rs 36,000, but could not manage to hold the higher point.

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Commodity Market News-05 March 2015

The March MCX Crude Oil futures are facing strong resistance around the 20-DMA (Rs 3,180) for the past three trading sessions. On Wednesday, the energy futures tested a high above the short-term moving average at Rs 3,200, but however ended slightly below it with a gain of almost a per cent (Rs 25) at Rs 3,163 tracking NYMEX Crude Oil prices.
 

The Crude Oil prices are trading above the 50-DMA (Rs 3,120), However, the bias may turn positive in case the commodity is able to break and trade above Rs 3,180-odd level.
 

MCX Copper April expiry contract has been in a volatile trajectory this week.

The prices, which were trading higher in last two days ended on a lower note on Tuesday but again moved higher on Wednesday.

Copper ended the day above Rs 370 per kg, and settled the day at Rs 370.25 per kg.

The prices tested a high of Rs 371.6 per kg. The low for April expiry contract was at Rs 366.65 per kg.

Technical range for Copper is now forming around Rs 378 and 350 per kg.

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AGRI COMMODITY MARKET LEVELS-04 MARCH 2015

CS TURMERIC   (APRIL) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 2:8600
RESIST 1:8500            
SUP1:8300
SUP2:8200
STRATEGY: SELL ON RISE

CS SOYABEAN (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3400
RESIST 1:3380
SUP1:3355
SUP2:3340
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3710
RESIST 1:3695
SUP1:3665
SUP2:3645
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 2:6860
RESIST 1: 6530            
SUP1:6030
SUP2:5855
STRATEGY: SELL ON RISE

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Commodity Market News-04 March 2015

The MCX Crude Oil March futures are hovering between the 20-50-DMAs on the daily charts for the past two trading sessions.

Yesterday, the energy futures tested a low of Rs 3,083, before settling with a loss of 0.3 per cent (Rs 11) at Rs 3,138 after two day rally.

On the higher side, the commodity is expected to face resistance around 3,379-odd level - which is the higher-end of the Bollinger Band.

MCX Copper April expiry contract has been in a volatile trajectory this week.

The prices, which were trading higher in last two days ended on a lower note and reached the important support levels during the day.

Copper ended the day below Rs 370 per kg, and settled the day at Rs 366.65 per kg.

The prices tested a high of Rs 371.5 per kg which was its opening high.

The low for April expiry contract was at Rs 363.75 per kg.

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